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M8-16 (Algo) Preparing Data for the Cash Budget LO [8-4] Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its

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M8-16 (Algo) Preparing Data for the Cash Budget LO [8-4] Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques CC expects sales for January, February, and March to be $380,000, 5140,000, and $160,000, respectively. Twenty percent of CC's sales are cash with the remainder collected evenly over two months. During December, cc's total sales were $690,000 CC is beginning its budget process and has asked for your help in preparing the cash budget. Compute co's expected cash receipts from customers for each month March Budgeted cash receipts

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